By John Parry NEW YORK, July 30 (Reuters) - The finance arm of Ford, the second-biggest U.S. carmaker, sold debt on Thursday for a price that hinted investors are becoming less dismal about the auto sector and slightly optimistic about the broader economy, analysts said. Ford Motor Credit Co LLC, whose parent is Ford Motor Co , sold $1.75 billion of three-year notes at a yield of 10.875 percent, much lower than the 13.0 percent it had to pay investors two months ago in a five-year note ...
Premium Content (PAID Subscription Required)
"Ford Credit debt sale price hints at economic optimism" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.